Stock price data from financial markets such as NASDAQ or Euronext

ASML Reaffirms 2030 Revenue Outlook Up to €60B with 60% Margin Amid AI Demand

Nov 14, 2024, 09:03 AM

ASML Holding N.V., the Dutch manufacturer of advanced semiconductor equipment, reaffirmed its bullish long-term revenue outlook during its 2024 Investor Day meeting. "Based on our assessment of different market and technology scenarios, we expect annual revenue between approximately €44 billion and €60 billion with gross margin between approximately 56% and 60% by 2030," said ASML's CEO. The company anticipates scaling its Extreme Ultraviolet (EUV) lithography technology into the next decade and increasing the number of EUV exposures through the remainder of this decade. Management views the increasing demand for advanced logic and DRAM chips, driven by artificial intelligence (AI) applications, as a positive development for ASML's business. ASML foresees double-digit growth in EUV technology spending through 2030 and projects a 9% annual growth rate in the chip industry. Following the confirmation of its 2030 outlook, ASML's shares rose as analysts and investors reacted positively to the guidance.